President Barack Obama appears on a large screen during a video presentation on the first day of the Democratic National Convention in Charlotte, North Carolina, September 4, 2012.

President Barack Obama gave his speech at the Democratic National Convention 2012 on Thursday night, accepting the party nomination and calling on Americans to vote for him. Below is a full transcript text of Obama's speech, and at the bottom a video of his live speech.

Michelle, I love you. The other night, I think the entire country saw just how lucky I am. Malia and Sasha, you make me so proud.but don't get any ideas, you're still going to class tomorrow. And Joe Biden, thank you for being the best Vice President I could ever hope for. Madam Chairwoman, delegates, I accept your nomination for President of the United States.

The first time I addressed this convention in 2004, I was a younger man; a Senate candidate from Illinois who spoke about hope - not blind optimism or wishful thinking, but hope in the face of difficulty; hope in the face of uncertainty; that dogged faith in the future which has pushed this nation forward, even when the odds are great; even when the road is long.

Eight years later, that hope has been tested - by the cost of war; by one of the worst economic crises in history; and by political gridlock that's left us wondering whether it's still possible to tackle the challenges of our time. I know that campaigns can seem small, and even silly. Trivial things become big distractions. Serious issues become sound bites.

And the truth gets buried under an avalanche of money and advertising. If you're sick of hearing me approve this message, believe me - so am I. But when all is said and done - when you pick up that ballot to vote - you will face the clearest choice of any time in a generation. Over the next few years, big decisions will be made in Washington, on jobs and the economy; taxes and deficits; energy and education; war and peace - decisions that will have a huge impact on our lives and our children's lives for decades to come. On every issue, the choice you face won't be just between two candidates or two parties. It will be a choice between two different paths for America. A choice between two fundamentally different visions for the future.

Ours is a fight to restore the values that built the largest middle class and the strongest economy the world has ever known; the values my grandfather defended as a soldier in Patton's Army; the values that drove my grandmother to work on a bomber assembly line while he was gone.

They knew they were part of something larger - a nation that triumphed over fascism and depression; a nation where the most innovative businesses turned out the world's best products, and everyone shared in the pride and success - from the corner office to the factory floor. My grandparents were given the chance to go to college, buy their first home, and fulfill the basic bargain at the heart of America's story: the promise that hard work will pay off; that responsibility will be rewarded; that everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same rules - from Main Street to Wall Street to Washington, DC.

I ran for President because I saw that basic bargain slipping away. I began my career helping people in the shadow of a shuttered steel mill, at a time when too many good jobs were starting to move overseas. And by 2008, we had seen nearly a decade in which families struggled with costs that kept rising but paychecks that didn't; racking up more and more debt just to make the mortgage or pay tuition; to put gas in the car or food on the table. And when the house of cards collapsed in the Great Recession, millions of innocent Americans lost their jobs, their homes, and their life savings - a tragedy from which we are still fighting to recover. Now, our friends at the Republican convention were more than happy to talk about everything they think is wrong with America, but they didn't have much to say about how they'd make it right. They want your vote, but they don't want you to know their plan. And that's because all they have to offer is the same prescription they've had for the last thirty years:

"Have a surplus? Try a tax cut."

"Deficit too high? Try another."

"Feel a cold coming on? Take two tax cuts, roll back some regulations, and call us in the morning!"

Now, I've cut taxes for those who need it - middle-class families and small businesses. But I don't believe that another round of tax breaks for millionaires will bring good jobs to our shores, or pay down our deficit. I don't believe that firing teachers or kicking students off financial aid will grow the economy, or help us compete with the scientists and engineers coming out of China. After all that we've been through, I don't believe that rolling back regulations on Wall Street will help the small businesswoman expand, or the laid-off construction worker keep his home.

We've been there, we've tried that, and we're not going back. We're moving forward. I won't pretend the path I'm offering is quick or easy. I never have.

You didn't elect me to tell you what you wanted to hear. You elected me to tell you the truth. And the truth is, it will take more than a few years for us to solve challenges that have built up over decades. It will require common effort, shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one.

And by the way - those of us who carry on his party's legacy should remember that not every problem can be remedied with another government program or dictate from Washington. But know this, America: Our problems can be solved. Our challenges can be met. The path we offer may be harder, but it leads to a better place. And I'm asking you to choose that future.

I'm asking you to rally around a set of goals for your country - goals in manufacturing, energy, education, national security, and the deficit; a real, achievable plan that will lead to new jobs, more opportunity, and rebuild this economy on a stronger foundation. That's what we can do in the next four years, and that's why I'm running for a second term as President of the United States. We can choose a future where we export more products and outsource fewer jobs. After a decade that was defined by what we bought and borrowed, we're getting back to basics, and doing what America has always done best:

We're making things again.

I've met workers in Detroit and Toledo who feared they'd never build another American car. Today, they can't build them fast enough, because we reinvented a dying auto industry that's back on top of the world.

I've worked with business leaders who are bringing jobs back to America - not because our workers make less pay, but because we make better products. Because we work harder and smarter than anyone else. I've signed trade agreements that are helping our companies sell more goods to millions of new customers - goods that are stamped with three proud words: Made in America. After a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years.

And now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America. We can help big factories and small businesses double their exports, and if we choose this path, we can create a million new manufacturing jobs in the next four years. You can make that happen. You can choose that future. You can choose the path where we control more of our own energy. After thirty years of inaction, we raised fuel standards so that by the middle of the next decade, cars and trucks will go twice as far on a gallon of gas. We've doubled our use of renewable energy, and thousands of Americans have jobs today building wind turbines and long-lasting batteries. In the last year alone, we cut oil imports by one million barrels a day - more than any administration in recent history. And today, the United States of America is less dependent on foreign oil than at any time in nearly two decades.

Now you have a choice - between a strategy that reverses this progress, or one that builds on it. We've opened millions of new acres for oil and gas exploration in the last three years, and we'll open more. But unlike my opponent, I will not let oil companies write this country's energy plan, or endanger our coastlines, or collect another $4 billion in corporate welfare from our taxpayers. We're offering a better path - a future where we keep investing in wind and solar and clean coal; where farmers and scientists harness new biofuels to power our cars and trucks; where construction workers build homes and factories that waste less energy; where we develop a hundred year supply of natural gas that's right beneath our feet. If you choose this path, we can cut our oil imports in half by 2020 and support more than 600,000 new jobs in natural gas alone. And yes, my plan will continue to reduce the carbon pollution that is heating our planet - because climate change is not a hoax. More droughts and floods and wildfires are not a joke. They're a threat to our children's future. And in this election, you can do something about it. You can choose a future where more Americans have the chance to gain the skills they need to compete, no matter how old they are or how much money they have. Education was the gateway to opportunity for me. It was the gateway for Michelle. And now more than ever, it is the gateway to a middle-class life. For the first time in a generation, nearly every state has answered our call to raise their standards for teaching and learning. Some of the worst schools in the country have made real gains in math and reading. Millions of students are paying less for college today because we finally took on a system that wasted billions of taxpayer dollars on banks and lenders.